Vietnam Stocks: Imexpharm, Truong Thanh, Tay Nguyen Electricity

Shares of the following companies had
unusual (VNINDEX) moves in Vietnam trading. Stock symbols are in
parentheses and prices are as of the close in Ho Chi Minh City.

The VN Index, the benchmark measure of the Ho Chi Minh City
Stock Exchange, rose for a second day, gaining 1.9 percent to a
three-week high of 391.19.

Imexpharm Pharmaceutical Joint-Stock Co. (IMP) , a
pharmaceuticals manufacturer and trader, gained for the first
time since Nov. 8. The shares jumped 5 percent to 36,000 dong,
the biggest gain since June 22. Imexpharm will buy back 500,000
shares from Dec. 9, it said in a statement on the bourse’s
website.

Truong Thanh Furniture Corp. (TTF) , Vietnam’s biggest
listed furniture maker, rallied 3.5 percent, to 5,900 dong. The
company will form a timber venture with Japan’s Oji Paper Co. (3861) to
plant a forest in the southern Vietnamese province of Phu Yen,
according to a statement on the exchange’s website. Truong Thanh
will have a 51 percent stake in the project, the statement said.

Tay Nguyen Electricity Investment Joint-Stock Co. (TIC)
a power company that also engages in construction of civil
engineering works and production of rubber products, rose 4
percent to 7,900 dong. The company plans to buy back 200,000
shares from Dec. 12, according to a statement on the exchange’s
website.